FEBRUARY 12, 2014

David Karsten named National Association of Corporate Directors Fellow

WASHINGTON, DC – The National Association of Corporate Directors (NACD) is pleased to announce that David Karsten of Cave Creek, Arizona has become an NACD Fellow, the highest level of credentialing for corporate directors and corporate governance professionals.

Karsten serves as a director on the boards of Karsten’s Ace Hardware in Cave Creek, Karsten’s Ace Hardware in Carefree, and Karsten’s Ace Hardware in Goodyear.

“We are proud to announce that David Karsten has joined NACD’s credentialed directors and has taken the next step in the pursuit of boardroom excellence,” said Ken Daly, president and CEO of NACD. “Our fellows help advance the highest standards for those who serve in the boardroom, strengthening our businesses and driving director professionalism. The impact of this program is unmatched and they should be commended for their ongoing commitment to their own professional development.”

As an NACD Fellow, Karsten has demonstrated his knowledge of the leading trends and practices that define exemplary corporate governance today and has committed to developing professional insights through a sophisticated course of ongoing study.

“I am honored to join the distinguished and diverse group of individuals who make up NACD’s Fellowship program and who have committed to advancing the highest standards of boardroom leadership. The resources, insights and connections I’ve made through NACD’s Fellowship program will be key assets to the companies I serve, as well as to my professional growth as a director,” said Karsten.

NACD's Fellows serve on boards of some of the largest and most diverse corporations in the world, including NASDAQ OMX- and NYSE-listed companies such as The Bon-Ton Stores, Ellie Mae, Foot Locker, Marsh & McLennan Cos., Monsanto, Nu Skin Enterprises, PICO Holdings, Pinnacle Entertainment, Retail Properties of America Inc., and Reynolds American.

NACD Fellows represent hundreds of companies and provide a snapshot of the caliber of corporate directors engaged in continuous learning with NACD--the leading organization that identifies, interprets and provides insights and information that boardroom leaders rely upon to apply their wisdom and knowledge and make sound strategic decisions.